Department P’s share of discount received is?
………….Total……… Dept.P………….Dept.Q ……………N……………N……………..N...
The gross profit on manufactured goods is the difference between the cost of goods manufactured and the?
A. market value of goods produced B. prime cost of production C. indirect cost of production D. goods produced. Correct Answer: Option A – market value of goods produced
Current account balance of Kaka at the end of the year will be?
The partnership agreement between Abba, Baba and Kaka contains the following provision: (i) 5% interest to be paid on capital and no interest to be charged on drawings (ii) Profits and losses to be shared in the ratio 3:2:1 respectively (iii) net profit as at 31/12/95...
Abba’s capital balance at the end of the year will be?
The partnership agreement between Abba, Baba and Kaka contains the following provision: (i) 5% interest to be paid on capital and no interest to be charged on drawings (ii) Profits and losses to be shared in the ratio 3:2:1 respectively (iii) net profit as at 31/12/95...
In the public sector; the method of accounting that reports revenues and expenditures in the period in which they are received and paid is called?
A. fund accounting B. commitment accounting C. cash accounting D. accrual accounting Correct Answer: Option C – cash accountingProducts
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